Do I really need Title Insurance

You’re almost done purchasing a home, and you’re wondering: Why do I need title insurance? Basically, it’s to protect your investment.

A title insurance policy protects against hidden title hazards that may threaten your financial investment in your home. You get it for the same reason you bought homeowners insurance to protect against loss from theft, fire or wind damage, and flood insurance to protect you from rising waters.

Title insurance protects from losses caused by errors that may have occurred in the past.

When you purchase a home or a piece of land, you are buying something that has been owned by people before you, sometimes by many, many people stretching back a century or more. The title to your land could have any one of the hundreds of title defects.

A home is one of the biggest assets that you will ever own. Protect yourself and your financials by factoring the cost of title insurance in with the rest of closing costs.